Feb. 13, 2014JEFFERSON CITY, Mo. |
By: Roush/ Associated Press
Income Tax Cut
The Missouri Senate has delayed a debate on tax cuts while negotiations continue with Gov. Jay Nixon's office.
Senators had been expected to debate legislation yesterday that would cut income taxes for individuals and many businesses.
But Senate Majority Leader Ron Richard said that debate will wait until next week to give more time for the Republican sponsor of the measure to try to work out a compromise with the Democratic governor's office.
Nixon vetoed an income tax-cut bill passed last year, citing technical problems and concerns that the measure could drain money available for public schools.
Richard said negotiations are focused on the dollar amount of the proposed tax cut and whether it should apply both to individual and businesses that report income on individual tax returns.